Rebirth of the Capital Legend

"It's really strong. No matter how much the profit-taking is smashed, it can always be pulled back from the bottom after the dive. With the support of Brother Su's seat at Fuxing Road, the Oriental Yuhong check has gradually started to go crazy, right?" At around 2:10 p.m., in the main hot money group of the Magic City Ultra Short Gang, Lao Zhang stared at the strong trend of the Oriental Yuhong check, which was beginning to gather bullish power and counterattack again, and couldn't help but sigh, "Since this core leader cannot be smashed and there is still a strong bullish force to carry it, the market index is at this position... It is unlikely to have the risk of a sharp decline."

"It can't be said that it is gradually becoming a monster, but it is already full of monster spirit." Xu Qiao took over and said, "It is really going all the way along the 5-day line without looking back, and the long-term support of this check is really good, and the driving effect on the market is also really strong. As long as this check is not dead, I think the market situation in the short term is bold to go long."

"Well, as long as the core leader 'Oriental Yuhong' holds up, the short-term sentiment in the market won't be too bad." Old Wu nodded and said, "Looking at the current market trend, the wave of continuous diving before 2 o'clock has been resolved under the first counterattack of 'Oriental Yuhong'. The main line of 'big infrastructure' and the main line of 'emerging industrial chain' are gradually reversing and reorganizing their forces to counterattack."

"Two consecutive sharp declines during the day have basically cleared out the short-term profit-taking in the market, right?" Xu Qiao said, "The selling pressure during the day should have been completely relieved. There should be no more sharp declines before the close of today's market."

"Not only will there not be another sharp drop..." Brother Chen pondered for a moment and continued, "Because the selling pressure has been fully released, after the bulls have taken over the market, there is a high probability that many potential selling funds that were hesitant before will cover their positions at the end of the trading day."

"Brother Chen means that... at the end of today's trading, the market will most likely go in the opposite direction of yesterday's trend?" Xu Qiao said, "Will there be a good counterattack at the end of the trading?"

Brother Chen nodded and said, "I think so. There is no selling pressure in the market at present. After the Oriental Yuhong check rebounded from the intraday low, the long sentiment of both the "big infrastructure" line and the "emerging industrial chain" line has rebounded.

Coupled with the strong resilience of the Shanghai Composite Index around 3000 points.

At this moment, many investors in the market should no longer continue to be bearish, that is, expectations will have a significant change.

As expectations change and bullish sentiment picks up, the willingness of funds to go long will also increase, and so... the expectation and momentum for a late-session rebound will be fully established.”

"Brother Chen's analysis makes sense." Old Wu thought for a moment and responded with a smile, "If it can't go down, it will naturally go up. No matter when, the market changes, it will always fluctuate in the direction of least resistance. At this moment, after the profit-taking selling pressure was resolved by two large dives, the market sentiment did not collapse, and the core leader continued to attack, which shows that the current direction of least resistance in the market is upward."

"I feel the same way," said Lao Zhang. "At 3000 points, the heavy historical locked-in positions and recent profit-taking positions need to be released. It is understandable that there are repeated violent fluctuations. The previous fluctuation range platform was finally broken through. There is no reason for it to fall back before 3000 points are completely conquered and stabilized."

"Well, and if we expect the market to go up in the late trading phase... then now should be a good time to buy low." Xu Qiao pondered for a moment and said, "No problem, continue to buy some positions and help the Oriental Yuhong check."

While a few people were talking...

The market trading time has entered around 2:15.

At this time in the market, not only "Oriental Yuhong", the core leading stock of the two cities, was decisively hitting the intraday high, but in other major main line areas, recognizable core popular stocks were also gradually rebounding under the continuous emergence of bullish forces.

At 2:17, Oriental Yuhong's intraday increase reached 6.5%. At the same time, driven by it, the three core sector indices of real estate, building decoration, and building materials all turned positive and rose again at this time.

At 2:18, the share price of "Capital Group" rebounded again from its deep intraday low.

At 2:19, several stocks that had hit the limit down in the market began to break the board, and a large amount of bargain-hunting funds poured in to buy the bottom. At the same time, several popular stocks that had broken the board were also trying to return to the limit again.

At 2:20, driven by the rebound of the "big infrastructure" main line and the continued rise of the weight main line, the Shanghai Composite Index returned to the 3000-point mark.

At 2:21, the core component stocks of the ChiNext Index, such as 'LeTV', 'Netspeed Technology', and 'Storm Technology', which had experienced flash crashes, gradually recovered from the flash crash losses and showed a trend of sustained rebound. However, as a large amount of buying funds began to intervene in the bottom-fishing of these core component stocks of the ChiNext Index, the 'online education' concept sector, which had the most serious intraday loss effect in the market, was still very weak. 'Quantong Education' was at a deep low, and 'Huawen Online' was still continuing to plummet, and there seemed to be a risk of a limit down in the late trading.

At 2:22, the Shanghai Composite Index returned to 3005 points. The number of stocks that fell in the two markets recovered from more than 2000 to around 1400. A large number of small and medium-sized stocks and micro-cap stocks began to pull up from deep water. Even "Shouchuang Group", a core stock of the "big infrastructure" main line that has attracted relatively high market attention, gradually fluctuated from deep water to a flat position with the intervention of another wave of bottom-fishing.

At 2:23, "Netspeed Technology" successfully turned positive, and led the ChiNext Index, Internet Software, and Internet Application Index sectors to narrow their intraday declines to less than 1%.

At 2:24, the decline of LeTV, which had experienced a flash crash, narrowed to less than 2%.

At 2:25, the banking sector began to maintain high-level fluctuations, and the active capital flows in the market gradually converged towards small and medium-sized stocks and micro-cap stocks with higher elasticity.

At 2:26, ​​Oriental Yuhong's intraday increase reached 8%, continuing to set a new intraday high and a recent rebound high.

At 2:27, driven by the check from 'Oriental Yuhong', not only all the sectors of the 'big infrastructure' main line turned red, but also the core sectors of real estate, building decoration, and building materials all recovered the intraday plunge in just over ten minutes and returned to the vicinity of the intraday high, demonstrating extremely strong bullish resilience.

At 2:28, the previously popular concept stocks of the "big infrastructure" main line, such as "Huaxin Cement", "Huaxin Building Materials", "Tianshan Cement", etc., turned red from underwater and rose.

At 2:29, the intraday trading volume of the two cities began to gradually increase again, and the signs of active long funds became more and more obvious. At the same time, the overall long sentiment of the market continued to pick up. At 2:30, the Shanghai Composite Index rose to 3012 points, and the declines of the ChiNext Index and the Shenzhen Index narrowed to less than 0.8%.

At 2:31, Poly Real Estate, Conch Cement, Kewan Real Estate, China Construction and other leading stocks in the main line of "big infrastructure" also received a wave of rapid buying attention. The share prices of the corresponding stocks showed a sudden sharp rise, and the market gains were all magnified to more than 2%.

At 2:32, after turning red, the check for "Netspeed Technology" continued to rise, and the increase in the market expanded to around 1.3%.

At 2:33, LeTV successfully turned red after its flash crash.

At 2:34, the relevant small and medium-sized and micro-cap growth stocks in the entire "emerging industrial chain" main line area generally received attention from long funds.

At 2:35, the Shanghai Composite Index returned to the 3020 point level.

At 2:36, the number of stocks in the green in the two markets continued to increase to nearly 2000, and the market's substantial loss effect was significantly reversed in the late trading stage.

At 2:37, several core hot concept stocks in the "online education" sector once again welcomed bottom-fishing and long-term buying by speculative short-term funds.

At 2:38, 'Quantong Education' once again showed an abnormal trend of straight upward movement.

At 2:39, 'Huawen Online' continued to surge from near the limit down position, and the decline narrowed to about 3% within a minute.

At 2:40, Oriental Yuhong's share price rose further to around 9%, and its daily turnover reached 20 billion, showing signs of hitting the daily limit in the closing trading.

At 2:41, the share price of Huaxin Cement rose straight to a 3% increase.

At 2:42, "Shouchuang Group" turned red and rose, and the stock price jumped straight to a 3% increase, showing a huge intraday volatility.

At 2:43, the intraday decline of the ChiNext Index narrowed to less than 0.5%.

At 2:44, the Shanghai Composite Index reached 3027.88 points, breaking through the previous intraday high and setting a new high for this round of rebound.

At 2:45, when the market trading time began to enter the last 15 minutes, the number of stocks in the green in the two markets exceeded 2000, and the Shenzhen Composite Index successfully turned positive. Among the major market indices, only the ChiNext Index was still underwater with a decline of 0.2%, while the others have successfully turned positive.

"Fuck, this closing trend... is the exact opposite of yesterday's trend!" Seeing the strong counterattack trend of the two markets in the last hour of the closing, Li Jinshi, one of the main speculators of the 'Fushan system', showed a look of obvious surprise on his face. "This trend is really amazing. After two sharp dives, it was pulled back abruptly. How come I have never felt that the market's bullish power is so strong and the trend is so resilient before?"

Hearing Li Jinshi's sigh, Chen Guiyun responded with a smile: "Today's closing trend is indeed beyond expectations. Not only has the core theme of the market, 'big infrastructure', regained its strong profit effect and high space, but the trend of the entire 'emerging industrial chain' theme has also completely reversed."

"That's right." Li Jinshi said, "I had already reduced my position to take profit, but now I was forced to recover a lot of my position."

"There were two waves of profit taking today, but they didn't kill the market sentiment. So the market naturally started to attack actively and continued to break upward." At this time, Liao Guoxiang stared at the market carefully and said, "Things that cannot be killed will eventually become stronger. The trend of the 'big infrastructure' line continues to exceed expectations!"

"I told you this core storyline a long time ago. It won't die so easily." Li Jinshi chuckled and continued, "Today, the entire market is staring at the Oriental Yuhong stock. Fortunately, the trend of this core leader is really impressive. It has withstood the two big dives in the fierce long-short divergence. However, this stock... today's volume is a bit too large. Under this trend, if the volume does not shrink again tomorrow, I'm afraid it will be difficult to continue to expand upward space."

"It didn't crash into the market after two big dives. Now it's making a strong comeback, freeing up all the losing chips it took on during the trading session and continuing to hit a recent rebound high. Under this trend..." Liao Guoxiang said, "The trend of 'Oriental Yuhong' tomorrow is likely to accelerate with shrinking volume."

Chen Guiyun pondered for a moment and nodded, "The 'big infrastructure' line exploded so violently in the last trading session, and there was so much money buying the dips. It was also because many funds in the market expected that after the 'Oriental Yuhong' check withstood the divergence, it would quickly rebound and rise, and it would definitely shrink tomorrow, so they all rushed to take the lead, resulting in a concerted force of funds going long in the last trading session, right?"

"That's true." Liao Guoxiang said, "The market recognition of this check and the combined force of funds are really strong. As long as the first wave of concentrated selling orders is not completely killed, the subsequent funds that dare to take over the long position will continue to flow in. This check... whether it is in the K-line pattern trend or the combined force of funds, it has already gone monster. I have to admit that the funds of 'Fuxing Road' are worthy of being the top experts in the market in creating market monster stocks. It's amazing!"

"The reason why this check has such a strong market recognition and why there are so many short-term speculative funds in the market that dare to take over and take over at high positions is mainly because the funds of 'Fuxing Road' are brave enough to lock up their positions, and the follow-up effect brought about by this check is good, right?" Li Jinshi said, "The emotional effect brought to the market by the various fund groups attacking this check is far higher than that of the leading stocks in the main line of weight. In fact... if we want to stabilize 3000 points and make all major indexes move out of the bullish trend, it is indeed the best idea to use the 'Oriental Yuhong' check as the entry point."

"That's the logic," Chen Guiyun said. "But before this logic came out in the market, especially in the trend of the previous hour, I'm afraid not many people dared to hold their positions firmly and believe in this logic. Today's two waves of sharp divergences and two huge intraday divergences between long and short positions should have thrown away all the previous profit-taking and many unsteady chips. If the market continues to break through, the selling pressure on the market will not be as great as it is today."

"It's not just the 'Oriental Yuhong' check, which successfully got rid of most of the previous profit-taking and floating chips in this range." Liao Guoxiang took over and said, "Today's market trend has solved the profit-taking and range-trapped selling pressure near 3000 points for the entire market trend. If the market can take advantage of the sentiment at the end of today and move in a consistent trend of shrinking volume tomorrow... then I estimate that the Shanghai Composite Index will most likely point to 3100 points tomorrow, ushering in a violent rebound or general rise in the entire market again." (End of this chapter)